Northern 3 VCT PLC.
Miscellaneous: Offer for subscription update
22 NOVEMBER 2013
NORTHERN 3 VCT PLC
OFFER FOR SUBSCRIPTION UPDATE
Northern 3 VCT PLC ("the Company") announces that its offer of new ordinary shares of 5p each to raise a total of up to £20 million pursuant to the Prospectus published on 31 July 2013 is now fully subscribed and no further applications will be accepted. All of the offers pursuant to the Prospectus are now fully subscribed as both Northern Venture Trust PLC and Northern 2 VCT PLC have previously announced that their own offers have been fully subscribed.
On 4 October 2013 the Company allotted 6,949,631 ordinary shares in respect of the offer of new ordinary shares for subscription in the 2013/14 tax year. It is intended that there will be a further allotment of new ordinary shares on 29 November 2013 in respect of the 2013/14 tax year and an allotment of new ordinary shares on 7 April 2014 in respect of the 2014/15 tax year. Admission of the new ordinary shares to be allotted on 29 November 2013 to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities is expected to become effective, and dealings are expected to commence, by 9 December 2013. Admission of the new ordinary shares to be allotted on 7 April 2014 to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities is expected to become effective, and dealings are expected to commence, by 15 April 2014.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Northern 3 VCT PLC via Thomson Reuters ONE